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Litecoin, VET, BAT Price Analysis: 29 July

Jude Lopez

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Source: Pixabay

During the past few days, the crypto market has seen strong bullish momentum. Bitcoin saw its price go past strong resistances and currently has a trading price of $11,064 and a 24-hour trading volume of $9 billion.

Source: CoinStats

For the market’s altcoins, the past 24-hours have been fairly bullish with coins like Litecoin surging by over 20 percent.

Litecoin [LTC]

Source: LTC/USD, TradingView

Litecoin registered an impressive price hike in little over a day’s time. After having its price surge by over 20 percent, Litecoin currently has a trading price of $55.9 and a market cap of $3.6 billion. If the uptrend were to continue, LTC’s price is soon going to start testing the resistance at $57.5. However, if the bears were to take over the price can rely on supports at $47 and $44.

The EMA ribbons after having settled below Litecoin’s trading price is likely to offer the coin’s price support. The Stochastic indicator is now well into the overbought zone and indicates strong bullish sentiment. In another win for Litecoin, Grayscale announced that FINRA had approved Grayscale’s Litecoin Trust for public quotation.

VeChain [VET]

Source: VET/USD, TradingView

VeChain currently occupies the 20th spot on CoinMarketCap’s list with a market cap of $898 million. In the past 24-hours, the price of VeChain rose by over 12 percent and is now being traded at $0.0158. At press time, the coin finds its trading price closer to its immediate support at $0.0154 than its resistance at $0.017.

The Bollinger Bands of the coin have expanded considerably and signals an increase in volatility for the coin’s price. The RSI indicator has now fallen and is now in the oversold zone. VeChain was recently in the news after its developers recently released VeChainThor version 1.3.4, which enables improved P2P communication within its network.

Basic Attention Token [BAT]

Source: BAT/USD, TradingView

BAT saw its price rise by over 13 percent and is currently valued at $0.25. Basic Attention Token has a market cap of $378 million and a 24-hour trading volume of $124 million. The coin currently has a strong point of resistance at $0.27 and a previously tested support at $0.24.

The MACD indicator for BAT has currently undergone a bullish crossover and indicates an upcoming price hike. The RSI indicator is positioned closer to the neutral zone but heads in the direction of the overbought zone.

Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

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